ATTOM’s latest second quarter 2024 Vacant Property and Zombie Foreclosure Report showed that there are nearly 1.3 million vacant residential properties in the U.S—the same as the first quarter of 2024. The report also indicated that 237,208 residential properties nationwide are in the process of foreclosure in this year’s second quarter, down 2.3% from Q1,… The post Zombie Foreclosures Shrink This...
31 May 2024
Above, Jason Mitchell Forget the traditional real estate agent model. The Jason Mitchell Group has built a different kind of brokerage with strategic referral partnerships at its center. In the process, JMG is scaling its growth, redefining the agent-client relationship and showing why its model is the real estate brokerage of the future. The real… The post June Cover Story: Partnering for Success...
Two of the nation’s fast growing REALTOR® associations announced that their members voted and approved a unification that forms the third largest local REALTOR® association in Florida, and the sixth largest association in the nation. The Pinellas REALTOR® Organization (PRO/CPRO) and Greater Tampa REALTORS® (GTR) will merge to become Tampa Bay REALTORS® (pending NAR approval),… The post Tampa Now...
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. –Mortgage rates ticked back up above 7% after weeks of declines, according to the latest data from Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 7.03%, up from 6.94% last week, and the 15-year FRM… The post Mortgage Mix: Mortgage Rates...
When two competing corporations face off aggressively and publicly, it can often make for great theater, which is what’s happening in the residential real estate realm. Realtor.com® and Homes.com have taken to launching broadsides at each other as the two portal giants battle for second place behind Zillow for home-search site-traffic supremacy. But as with… The post Deciphering Portal Info and...
The personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce Department reported on May 31, matching a similar gain in March. It’s not a wholly positive sign for those hoping that the U.S. central bank will cut interest rates soon, as it suggests the elevated pace of price increases could last longer… The post Inflation Numbers Show Little Progress; Interest Rate Cuts...
It’s no question that affordability is stratified, and as such, housing markets tend to differentiate from state to state. According to a recent analysis by Clever Real Estate, the median household can only afford the typical home in four states: West Virginia, Ohio, Iowa and Indiana. The latest homeowner affordability data is based on the… The post Study: Only 4 States Are Affordable for Typical U.S....